EGX approves listing capital increase for Sidpec

Updated 2/22/2023 12:00:00 PM
EGX approves listing capital increase for Sidpec

Arab Finance: The Egyptian Exchange’s (EGX) Listing Committee has approved the listing of Sidi Kerir Petrochemicals’ (Sidpec) issued and paid-up capital increase, according to a bourse disclosure on February 22nd. 

The Sidpec’s issued and paid-up capital shall increase to EGP 1.512 billion from EGP 1.260 billion by EGP 252 million distributed over 126 million shares at a nominal value of EGP 2 per share. 

Accordingly, 1-for-5 bonus shares will be distributed, with the eligibility for shareholders on a record date of February 22nd. 

Following the capital increase, the firm’s shares will be registered on the EGX’s database as of Thursday, February 23rd.

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